Monday, September 22, 2014

Government Shouldn't Be In The Housing Business

According to recent reports $227 billion would has been spent nationally from 2010 to 2015. Data provided by the HDC shows that from 2010 to present, the HDC has allocated 4,902 houses to new homeowners.A simple calculation would indicate that each of the 4900 houses delivered many of which had design deficiencies and poor workmanship cost the taxpayer a staggering $46,000,000 per home.In fact given that the gov' t builds homes primarily on state lands with the typical modest home construction costing around $600.000 privately, the state should have delivered 378,000 homes for the price tag of $227 billion.Of course; most of the money was siphoned away by the politically connected; even whilst housing applicants are lulled into a state of paralysis waiting for an illusive substandard home -instead of trying to acquire a home privately.

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About the Editor

The editor is a Kingdom believer, loving husband, father and business owner.

He attained a Bachelors in Finance and Economics at the University of Western Ontario in Canada.

After graduating he worked in the Canadian securities industry while residing in Burlington, Ontario, and has completed the Canadian Securities Course –the Canadian investment course that qualifies graduates to sell and deal in financial products in Canada.

He currently resides in Trinidad and makes his living in the T&T Energy Sector. Contact The Editor